Mehli Mistry is backed by three other trustees -- Pramit Jhaveri, Darius Khambata and Jehangir HC Jehangir -- against Tata Trusts Chairman Noel Tata and the two vice-chairmen, Venu Srinivasan and Vijay Singh.
Tata Trusts chairman Noel Tata and two other powerful trustees considered close to him blocked the reappointment of late Ratan Tata's close associate and businessman Mehli Mistry as trustee, deepening the rift at the philanthropic arm that controls the holding company of Tata Group, people familiar with the matter said.
As the business head of Trent Hypermarket, Neville ensures that customers receive high-quality products that adhere to Tata standards.
A quiet but consequential power struggle has erupted within the storied 156-year-old Tata Trusts just a year after the death of group patriarch Ratan Tata on October 9, 2024.
Top honchos of the Tata group, including Tata Trusts Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran, on Tuesday met Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid infighting among trustees over board appointments and governance issues.
The Brihanmumbai Municipal Corporation (BMC) has issued stop-work notices to 53 construction sites for contributing to air pollution in Mumbai. The civic body has also directed strict adherence to air pollution guidelines, including the use of AQI monitoring sensors. The Bombay High Court has also addressed the issue of air pollution in the city.
SP Group chairman Shapoorji Pallonji Mistry on Friday reiterated calls for public listing of Tata Sons to bring transparency, amid infighting among trustees of Tata Trusts which controls a 66 per cent stake in the holding company of the salt-to-software conglomerate. Shapoorji Pallonji family is the single largest minority shareholder with about 18.37 per cent in Tata Sons.
Tata Trusts, which exerts decisive influence over India's most valuable conglomerate through its about 66 per cent stake of Tata Sons, finds itself in the midst of infighting among its trustees over board appointment and governance issues.
Tata Sons, now debt-free, has asked the RBI to drop its 'upper-layer NBFC' tag and allow it to stay private.
'The investigation is at a very critical stage. We are not going to give every single document.'
The Tata Trusts, led by the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, hold a 66 per cent stake in Tata Sons, the Tata group's holding company.
The National Company Law Tribunal (NCLT) on Tuesday admitted a fresh petition filed by a Zee Entertainment Enterprises Ltd shareholder seeking enforcement of the now-cancelled merger deal between ZEEL and Sony. The Mumbai bench of NCLT also directed Sony Pictures Network India, now known as Culver Max, to file a reply within three weeks and fixed the next date of hearing on March 12. On January 21, Sony Group Corp (SGC), the Japanese parent company of Sony Picture Network India (SPNI) and BEPL, announced the termination of the $10 billion merger agreement with ZEEL, while seeking $90 million for breach of conditions besides initiating arbitration.
The Securities Appellate Tribunal (SAT) on Thursday questioned market regulator Sebi's credibility on completing its investigation within a stipulated time in the Zee Entertainment Enterprises' (ZEEL) matter. SAT was hearing Zee's plea against Sebi's order baring Zee Entertainment Enterprises' Punit Goenka and Subhash Chandra from holding any key managerial positions in the company and other organisations for allegedly siphoning off funds of the media firm. "There is no certainty that these eight months won't be extended. ...past record of Sebi is that they have always extended it (investigation).
In a jolt to the Centre, the Supreme Court on Thursday stayed the notification setting up a fact-checking unit under the Press Information Bureau (PIB) to identify fake news about the Union government.
The Maharashtra government will not arrest former Mumbai police commissioner Param Bir Singh till June 22 in a case registered against him under the SC/ST (Prevention of Atrocities) Act, the Bombay high court was told.
The Maharashtra government day informed the Bombay high court that a white paper on the alleged multi-crore irrigation scam, involving bureaucrats of the water resources department and the Konkan Irrigation Development Corporation, would be ready within three weeks.
Bowing to public pressure and criticism from the court, the Maharashtra government on Friday informed the Bombay high court that it has decided to drop sedition charge against cartoonist Aseem Trivedi for allegedly insulting national symbols.
Two war veterans have moved the Bombay high court seeking a direction to the Maharashtra government not to take back the land allotted to them near Pune under a 1973 scheme for soldiers of the Indian Army.
A national-level swimmer has moved the Bombay high court after her name did not figure in the Indian squad for next month's Commonwealth Games. According to Mumbai-based Anoushka Merchant, the Swimming Federation of India had said it would select eight probables, but later it named three girls without informing the other aspirants.
Opposing a special court's summons to three National Security Guard commandos who took part in the anti-terror operation during the 26/11 attacks, the Centre said on Wednesday that secrecy was "fundamental" to their duty.
Foodgrains supplied to government -run residential schools in Maharashtra's tribal areas were "infected" and not fit for consumption, the Central Bureau of Investigation told the Bombay High Court on Monday. Following the High Court's earlier orders in the case, CBI teams collected samples of foodgrains supplied to `ashram shalas' in the areas on June 18-19.
The whereabouts of former Mumbai police commissioner Param Bir Singh were not known, the Maharashtra government on Wednesday told the Bombay high court.
The state government told the Bombay High Court that it will set up a commission of inquiry to probe the Adarsh Society Housing scam in Mumbai.
The Bombay high court on Thursday dismissed a petition filed by Chanda Kochhar against her termination as the managing director and chief executive officer of ICICI Bank A division bench of Justices N M Jamdar and M S Karnik accepted the bank's contention that Kochhar's petition was not maintainable as the dispute was contractual and concerns a private body.
Former attorney general of India Goolam Essaji Vahanvati, the first Muslim to become the top law officer of the country, died in Mumbai on Tuesday following a heart attack aged 65.
The SC said the "messy state of affairs" has "the propensity of unnecessarily shaking confidence of people in police system".
The Bombay High Court on Thursday dismissed a petition filed by IPS officer Param Bir Singh seeking to quash inquiries initiated against him by the Maharashtra government, and said he can approach the CAT.
"A CBI probe is ongoing into transfers and postings of state police officers made during former home minister Anil Deshmukh's tenure. Then the next in line (to be probed) is the Director General of Police, who is the fulcrum, who is at the heart of the issue of transfers and postings. So having the former DGP head the investigation is like having Anil Deshmukh investigate it himself," the state's lawyer told the Bombay High Court.
The Bombay high court on Saturday granted an interim stay to the operation of parts of the recently notified Information Technology Rules, 2021 which require that all online publishers follow a "code of ethics" and norms of conduct.
The Maharashtra government on Monday said it would not arrest former Mumbai police commissioner Param Bir Singh in a case registered against him under the SC/ST (Prevention of Atrocities) Act till June 9 provided he cooperates with the investigation into the case.
The central bank filed an affidavit in response to a petition filed by Kochhar last month, challenging her ouster as the chief executive and managing director of ICICI Bank months after she voluntarily left the private sector lender. The bank, while terminating her employment, also denied her remuneration and rescinded the bonuses and stock options given to her from April 2009 to March 2018. She was accused of playing a role in grant of out-of-turn loans of Rs 3,250 crore to Videocon Group, which allegedly benefited her husband, Deepak Kochhar.
Maharashtra's Food and Drugs Administration on Wednesday argued in the Bombay High Court that Nestle India.
Chanda Kochhar, the high-profile ex-banker had on November 30 moved the Bombay high court challenging "termination" of her employment by ICICI Bank which also denied her remuneration and clawed back all the bonuses and stock options between April 2009 and March 2018 for her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group which benefitted her husband Deepak Kochhar. A division Bench of justices Ranjit More and SP Tavade allowed her to implead RBI and directed the apex bank to file its reply by December 16.
The auditors -- the local arms of the Big Four global firms Deloitte Haskins & Sells and KPMG which has BSR & Associates as an affiliate here-had challenged the jurisdiction of the NCLT to ban them.
The petitioners challenged the reclamation and construction work for the project on the primary ground that it will result in damage to the coastline and destroy major marine life along the coast and livelihood of the fishermen.
Since Reliance senior counsel Janak Dwarkadas could not be present in the courtroom due to a medical emergency, the company sought adjournment, following which the tribunal agreed to hear the matter on April 16.
The HC had earlier refused to grant relief to Nestle by rejecting its plea for stay of the orders of the food regulator banning nine variants of Maggi noodles.
The court was hearing a petition filed by Nestle India.
The tribunal, which had concluded its hearings on two petitions from RIL on January 6 and reserved its order for an unspecified date, set February 24 for the next hearing.
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